The
number of shares of the Company’s common stock outstanding immediately following the consummation of the Merger was:
| | |
Shares | |
| Common stock of ACAB, net of redemptions | |
| 7,033 | |
| ACAB Founder Shares, net of forfeitures and
transfers | |
| 126,076 | |
| New Abpro shares issued to PIPE investors | |
| 112,247 | |
| New Abpro shares issued to service providers | |
| 42,762 | |
| New Abpro shares issued in Merger to Legacy
Abpro stockholders | |
| 1,304,107 | |
| New Abpro shares transferred to investors | |
| 72,285 | |
| New Abpro shares issued
to settle the promissory note with executive | |
| 20,000 | |
| Total
shares of common stock outstanding immediately after Merger | |
| 1,684,510 | |
|